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HUB International Expands Retirement and Private Wealth Capabilities With Acquisition of Trusted Capital Group

July 7, 2021
CHICAGO, July 7, 2021 /CNW/ — HUB International Limited (Hub), a leading full-service global insurance brokerage and financial services firm, announced today that it has acquired the operating subsidiaries of TCG Group Holdings, LLP d/b/a Trusted Capital Group (TCG). Terms of the transaction were not disclosed.

Headquartered in Austin, Texas, TCG is an investment and consulting firm that provides financial wellness solutions including wealth management, retirement planning, institutional advisory and more. TCG manages more than $4.6 billion in assets and serves over 750,000 individuals across hundreds of plans in the education, local government and small-to-medium business segments.

“TCG continues our strategy to expand our retirement capabilities and add top talent in Texas,” said Martin Yung, President and CEO of Hub Texas. “TCG has a deep understanding of the retirement landscape and regulatory issues, which will significantly benefit our clients.”

John Pesce, CEO, Jeff Montgomery, President, Scott Hauptmann, COO, Chris Jamail, CMO, and the TCG team will join Hub Retirement and Private Wealth in Hub Texas.

“Joining Hub will help us elevate our client offerings in addition to our investment and retirement planning solutions to continue to help our clients succeed,” said Mr. Pesce.

This move continues to strengthen Hub’s retirement and wealth management services (Hub RPW) with the addition of talent and resources to develop more comprehensive strategies for clients. Hub RPW works to help plan sponsors create an offering that aligns with their business strategy, navigates fiduciary risk and helps employees pursue their financial goals. The several registered investment advisory affiliates in HUB RPW provide investment advisory services to clients whose total assets are approximately $105 billion.

Piper Sandler & Co. served as financial advisor to TCG in the transaction.

About Hub Retirement and Private Wealth
Hub Retirement and Private Wealth offers institutional and retirement services to for-profit and not-for-profit organizations and customized private wealth management services to individuals and families. Employees of Hub International offer securities through partner Broker Dealers not affiliated with Hub. Employees of Hub provide advisory services through both affiliated and unaffiliated Registered Investment Advisors (RIA). Global Retirement Partners, LLC, Silverstone Asset Management, LLC, Hub International Investment Advisory Services, Inc., and Sheridan Road Advisors, LLC are wholly owned subsidiaries of Hub International. Learn more about Hub Retirement and Private Wealth.

About Hub’s M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.

About Hub International
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 13,000 employees in offices located throughout North America, Hub’s vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow. For more information, please visit www.hubinternational.com.

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DISCLOSURES
TCG Advisory Services, LLC ("TCG Advisors") is a registered investment advisor regulated by the U.S. Securities and Exchange Commission (SEC) subject to the Rules and Regulations of the Investment Advisor Act of 1940, and is a part of TCG Group Holdings, LLP. Registration with the U.S. Securities and Exchange Commission does not imply a certain level of skill or training. We are located in Austin, Texas. A copy of our Form ADV Part 2 is available upon request.

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